BSW Wealth Partners Sells 3,183 Shares of International Business Machines Co. (NYSE:IBM)

BSW Wealth Partners lessened its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 48.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,359 shares of the technology company's stock after selling 3,183 shares during the quarter. BSW Wealth Partners' holdings in International Business Machines were worth $743,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new stake in shares of International Business Machines in the second quarter valued at about $7,160,000. Smith Thornton Advisors LLC bought a new position in shares of International Business Machines during the 2nd quarter worth approximately $702,000. Retirement Planning Group LLC purchased a new position in shares of International Business Machines in the 3rd quarter worth approximately $618,000. GAMMA Investing LLC grew its holdings in shares of International Business Machines by 42.4% in the second quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company's stock valued at $1,621,000 after acquiring an additional 2,788 shares in the last quarter. Finally, Anderson Hoagland & Co. purchased a new stake in shares of International Business Machines during the third quarter valued at approximately $4,050,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

IBM stock traded up $1.53 during midday trading on Friday, reaching $208.25. The company had a trading volume of 3,334,308 shares, compared to its average volume of 4,747,218. The firm has a 50-day moving average price of $216.84 and a 200-day moving average price of $191.35. The company has a market capitalization of $192.56 billion, a P/E ratio of 30.31, a P/E/G ratio of 4.64 and a beta of 0.71. International Business Machines Co. has a 1 year low of $144.84 and a 1 year high of $237.37. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. During the same quarter in the prior year, the firm earned $2.20 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis. On average, research analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Hsbc Global Res raised International Business Machines to a "moderate sell" rating in a research report on Friday, July 26th. Morgan Stanley lowered their price objective on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 24th. DZ Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price for the company. in a research report on Wednesday, October 2nd. Stifel Nicolaus upped their price objective on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Bernstein Bank increased their price objective on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $208.12.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.